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To: rolling_stone
First of all CIS doesn't even know what actuarial science is. The SS Administration has actuaries piled higher and deeper than anybody else in the world.

Your argument is that not only is Bush, Congress, the UN, and Presidente Fox involved in this plot to destroy Social Security and the Nation but the the GS12 number crunchers are in on it also.

138 posted on 12/08/2005 12:43:12 PM PST by Ben Ficklin
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To: Ben Ficklin

like i said garbage in garbage out actuaries are only as good as the info they work with see my post 121 above.


139 posted on 12/08/2005 12:49:55 PM PST by rolling_stone (Question Authority!)
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To: Ben Ficklin
The SS Administration has actuaries piled higher and deeper than anybody else in the world.

All the actuaries in the world are not worth spit if you start with flawed assumptions and that is exactly the criticism of the SSA's projections.

The GAO is one of the very few organizations within the entire Federal Government that actually has a decent and credible track record. Somebody already posted this but apparently you missed it. Here is what they said:

In testimony on September 11, 2003, the GAO challenged the SSA’s methodology for estimating the costs of an agreement with Mexico. The methodology failed to take into account the estimated five million illegal alien Mexican workers in the United States, Mexicans now living in Mexico who earlier worked illegally in the United States, the fact that the agreement likely would make family members living in Mexico eligible for benefits that they are not currently entitled to, and the effects of a proposed new guest worker agreement. Also, the GAO found that there was no effort to systematically study the record keeping of the Mexican authorities who would be partners in the program to assure the validity of information received from that source.

In other words, the Social Security Administrations actuaries badly blew it. They left at least 5 million recipients out of their actuarial calculations.

141 posted on 12/08/2005 12:57:22 PM PST by jackbenimble (Import the third world, become the third world)
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To: Ben Ficklin
First of all CIS doesn't even know what actuarial science is. The SS Administration has actuaries piled higher and deeper than anybody else in the world.

Yup the SS has largest number of incompetent actuaries in the world. Talk about uncredible!!! What year is SS going negative, 2009?

172 posted on 12/08/2005 4:10:07 PM PST by rolling_stone (Question Authority!)
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